CMHC Canadian Mortgage and Housing Corporation is a goldmine of information to get you ready to find a home to buy.
Zoo Casa Search in many cities.
Daniels residential builder website can help you find a home to buy in one of their new communities.
Tribute Homes Finding a home to buy from one of Tributes new Builds.
Pemberton Group is a good builder to check out in your property searches. They have produced some very successful and well thought out layouts.
TARION is responsible for administering the Ontario New Home Warranties Plan Act, which outlines the warranty protection that new home and condominium builders must provide, by law, to their customers.
Property Guys For sale by owner.
RECO, The Real Estate Council of Ontario Administers and Enforces the Real Estate and Business Brokers Act, 2002, to which Real Estate Salesmen are subject.
TREB, The Toronto Real Estate Board
Find a Home to Buy
You've made your decision, you are READY to buy, now you can start Searching for a home. Give Nick Boothby a call and get the ball rolling.
- Searching MLS
MLS The multiple Listing Service of the Toronto Real Estate Board remains the absolute best way of finding a home to buy. The Database, which lists thousands of homes for sale, can be searched by area, by criteria such as how many bedrooms you need or by price.
Well over 20,000 Realtors® document their listings in MLS. There is public access to MLS or we can help you in your property search by setting up MLS to automatically send you listings geared to your criteria.
- Finding a Home to Buy from a Builder
Buying a new construction appeals to many buyers. Look in the various developer websites, drive around in the community where you are searching for a home, look in the newspapers.
- Is there any other way to find the right home?
Your agent might know of a property that is not on the market yet, that's one of the advantages of working with a realtor®
By driving or walking through an area you are interested in you will often see For Sale Signs or Open House signs. You will also get a feel for the area.
Word of mouth is also a good way, ask around.
Agents also advertise in a number of places. Newspapers ads are commonly taken before open houses.
Web searches often return interesting results.
Read flyers and window displays of local realtors.
There are a number of For Sale By Owner websites. Take a look.
- I've looked at many properties and I'm getting discouraged!
Finding a home to buy that suits you is time consuming and can be frustrating. It is not unusual to view DOZENS of properties before finding the right home and in an active market it is not always easy to buy a property particularly in situations of multiple offers.
Buyers often bid on several properties before securing a deal. If you approach your search with the understanding that this is the way it will be and avoid getting emotionally tied up with one property (hard order sometimes!) then you are better prepared for the task
Remember it is a large investment and it is well worth spending the time necessary to find the right home.
- What can I do to make my property search easier?
Many things. Be prepared financially. Visit your bank/financial institution and determine how much you can borrow, get pre approved, and more importantly determine much you can afford or are willing to spend and not feel overextended and "house poor". Nick Boothby has prepared a Mortgage Calculator and a Land Transfer Tax Calculator
Make sure that you know about all the costs of purchasing a home.
Decide before you start seriously searching for a home
- what you need
- what you want
- what would be nice
- what you can do without
Once you have your lists, and have checked them twice, you will be prepared to search more effectively and not waste your time in unsuitable properties.
Your next step will be to determine whether you can afford your list of requirements, and to adjust it accordingly.
When searching for a home, its important to make sure that other members of the household agree on search criteria
Once your mind is clear on what you can afford and what you want, it is easy to make a quick decision and when a suitable property comes up you can be ready very quickly and avoid disappointment.
- We've started our property search and are ready to see some homes. Showings, what happens?
After you contact your Realtors®, he or she will contact the seller or the selling brokerage and make an appointment. Often a number of appointments will be made together to see several properties in one outing. This makes searching for a home more manageable by reducing the number of times you have to go out.
Your agent will have a look at the information about the properties you are interested in and will do some research on its value. What the seller is asking might not be realistic.The selling brokerage will call the buyer agent with a lock box number, or instructions on getting a key.
Buyers will always visit a home accompanied by a Realtor® in an MLS listed home. This is for safety and security. When they have finished looking at the home the Realtor will replace the key in the lock box after locking the house. A visiting Realtor will leave his business card to indicate he has come through.
- Chattels and Fixtures?
- Loosely defined, a chattel is something that is not attached to the home, while a fixture is not surprising, fixed to the home. For example light fixtures and built in shelving are fixtures, while furniture and pictures are chattels and usually move with the seller. Oddly, the house key is considered a fixture!
It is not unusual for a seller to exclude some fixtures such as heirloom chandeliers, and to include some chattels such as stove and refrigerator or washer and dryer or window coverings.
When searching for a home it is important to look at the details of the listing sheet. It will list exclusions and inclusions. These can impact the value of the home.
Nick Boothby, Maddy Dennett and Greg McDowell
REALTORS® / Salespersons
Christine DeMerchant Unlicenced Support Person
Real Estate Homeward, Brokerage
1858 Queen St. E., Toronto, On, M4L 1H1, Canada
tel: 416-698-2090 fax: 416-693-4284
Maddy's cell: 416-951-5507 Greg's cell: 647-984-3065
emails: Nick Maddy Greg
Disclaimer: Nick Boothby and his team take great care in insuring the accuracy of our facts but some information cannot be verified. We do not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process discussed or presented.